SINGAPORE REITS DOUBLE THEIR OVERSEAS INVESTMENT TO US$12.3B
Singapore’s property managers are accelerating their push abroad as a slow reopening and diminishing returns at home force them to look for growth opportunities elsewhere.Foreign acquisitions by real estate investment trusts in the city-state jumped to an all-time high of 61 last year, data compiled by Bloomberg show. The total value of such deals also more than doubled from 2020 to US$12.3 billion.Property managers in Singapore – which boasts the most Reits in Asia outside of Japan – have long shown global ambitions, with overseas investments picking up during the pandemic.
